EnergyWatch

Price cap on gas in Europe is a complex issue and potentially very costly

European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.

The EU Commission is faced with the thankless task of coming up with a solution to high energy prices in the EU. Here is Commission President Ursula von der Leyen captured in moment of pensiveness. | Photo: POOL/REUTERS / X80003

The intensity of the energy crisis and high gas prices has mounted – as has the pressure from companies and consumers alike on European lawmakers to take action.

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